Quicken Loans Keeps its Foot on the Gas: Nation’s Largest Lender Completes Another Record-Breaking Quarter

  • October 24, 2019

The company surpassed 2018 full-year mortgage volume in just three quarters

DETROIT, October 24, 2019 – Detroit-based Quicken Loans, America’s largest mortgage lender, today announced it has closed $40 billion in home loans in the third quarter of 2019, the highest quarterly volume in the company’s 34-year history. Additionally, mortgage volume hit its record high in September 2019 with $15 billion of closed loan volume – which will likely be surpassed in the coming months.

As a result of significant growth in 2019, the company has already outpaced its total mortgage volume from 2018, $83 billion, and has surpassed Quicken Loans’ highest-ever full-year mortgage volume, $96 billion in home loans, which it attained in 2016.

“The first nine months of the year have been nothing less than inspiring – not only in terms of how much our company has grown, but because of the incredible number of clients we have helped achieve the American Dream of homeownership,” said Jay Farner, CEO of Quicken Loans. “The fact that we can provide homebuyers a simple, tech-driven mortgage experience that gives them transparency into the mortgage process drives our success. I am so grateful for our team members who continue to deliver the best service possible to our clients while also continuing to innovate and revolutionize the way Americans get a mortgage.”

In late 2015 Quicken Loans introduced Rocket Mortgage, the first fully-digital mortgage experience. Now, 98% of all home loans originated by Quicken Loans utilize Rocket Mortgage technology. Additionally, earlier this month, Quicken Loans announced it has the ability to finish a mortgage with an eClosing in all 50 states and an astounding 96% of all eClosings completed in the United States have been on a Quicken Loans mortgage.

As Quicken Loans continues to grow, the company is looking to fill 1,800 open positions. The roles range from entry-level to highly-specialized – including mortgage bankers, QLMS account executives, underwriters, software engineers, data scientists, paid interns and more. Applicants can go to MyRocketCareer.com to learn about the available positions and to apply.

New team members will enjoy Quicken Loans’ first-class benefits offerings, featuring comprehensive health and well-being initiatives including on-site meditation and wellness rooms, fertility benefits, adoption and foster-care assistance, paid maternity and paternity leave, a nationwide childcare subsidy and more.

Quicken Loans also recently debuted the Rock Health Collective for its team members. The concierge health facility provides a holistic package of services that address all aspects of team members’ needs, including primary and urgent care, a full-service pharmacy, behavioral health, physical therapy, chiropractic care, wellness coaching and care navigation.

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About Quicken Loans

Detroit-based Quicken Loans Inc. is the nation’s largest home mortgage lender. The company closed nearly half a trillion dollars of mortgage volume across all 50 states from 2013 through 2018. Quicken Loans moved its headquarters to downtown Detroit in 2010. Today, Quicken Loans and its Family of Companies employ more than 17,000 full-time team members in Detroit’s urban core. The company generates loan production from web centers located in Detroit, Cleveland and Phoenix. Quicken Loans also operates a centralized loan processing facility in Detroit, as well as its San Diego-based One Reverse Mortgage unit. Quicken Loans ranked highest in the country for customer satisfaction for primary mortgage origination by J.D. Power for the past nine consecutive years, 2010 – 2018, and also ranked highest in the country for customer satisfaction among all mortgage servicers the past six consecutive years, 2014 – 2019.

Quicken Loans was once again named to FORTUNE magazine’s “100 Best Companies to Work For” list in 2019 and has been included in the magazine’s top 1/3rd of companies named to the list for the past 16 consecutive years. In addition, Essence Magazine named Quicken Loans “#1 Place to Work in the Country for African Americans.”

For more information and company news visit QuickenLoans.com/press-room.

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